For those of you who say the still faltering economy will be obama's undoing... history says you might be wrong. And if you're saying that Obama should have cut taxes to fix the economy... you're wrong there too. (clipped from article) http://spedr.com/2l34j On taking office in January, 1981, Ronald Reagan, like Obama, inherited an economy in a downward spiral, not quite as bad as today's but close enough. The Gipper slashed corporate and individual tax rates to boost the economy and, in his sunny style, predicted not only a recovery, but a balanced budget. Didn't happen, at least not as fast as he forecast. Didn't come close. By November, 1982, unemployment reached slightly more than 10 percent -- higher than today's -- with 9 million-plus out of work, the most since the Great Depression. Business failures reached 17,000 that year, the second highest since the 1930s. The public, which had given Reagan a landslide presidential victory, lost patience, as it almost always does. In that year's midterm elections, Republicans lost 27 seats to the Democrats. And by January, Reagan's approval rating had plummeted to 35 percent. As a re-election candidate, the smart money said, the Gipper was a dead-man walking. We all know that didn't happened. The economy, as it usually does, recovered, as it probably will for Obama. But it took almost two years for the Reagan recovery to arrive -- as it likely will with Obama. Reagan, the object of national rejection in early1983 won a massive re-election victory in 1984.

DontLikeYou___

Mar 9, 2010 4:38 PM CST

Lefties, did this article cheer you up? Good. It's been hard watching your glum faces for the past 4 months.

DontLikeYou___

Mar 9, 2010 12:41 PM CST

This is one of those pieces that has no intrinsic value to anyone unless you worship Obama. It is meant to cheer you up and keep you thinking that all is well all the while this ignorant man dismantles the democrat party and banishes it to obscurity for 30 years.